Weibo (NASDAQ:WB) Issues Quarterly Earnings Results

Weibo (NASDAQ:WB) announced its quarterly earnings results on Wednesday. The information services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07), FiscalAI reports. Weibo had a net margin of 26.58% and a return on equity of 11.79%. The firm had revenue of $473.26 million during the quarter, compared to analyst estimates of $444.28 million. During the same quarter in the prior year, the business earned $0.40 EPS. The business’s revenue was up 3.6% compared to the same quarter last year.

Weibo Price Performance

NASDAQ:WB opened at $9.67 on Wednesday. Weibo has a one year low of $7.10 and a one year high of $12.96. The company has a market cap of $2.36 billion, a P/E ratio of 5.49, a P/E/G ratio of 5.19 and a beta of 0.13. The firm’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $10.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.35 and a quick ratio of 3.35.

Institutional Trading of Weibo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new position in Weibo in the 2nd quarter valued at about $61,000. AQR Capital Management LLC acquired a new stake in Weibo during the first quarter worth approximately $117,000. Verition Fund Management LLC bought a new stake in shares of Weibo during the fourth quarter worth approximately $138,000. CANADA LIFE ASSURANCE Co acquired a new position in shares of Weibo in the second quarter valued at approximately $155,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Weibo in the fourth quarter valued at approximately $161,000. Institutional investors own 68.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Weibo in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.00.

Weibo Company Profile

Weibo Corporation operates one of China’s leading social media and microblogging platforms under the brand name Weibo. Launched in August 2009 by Sina Corporation, Weibo enables users to create, share and engage with short-form posts in real time. The platform supports text, images, videos and live streams, and offers features such as trending topics, hashtag campaigns and public discussion forums to facilitate user interaction and content discovery.

Weibo’s product suite extends beyond basic social networking to include digital content services such as live streaming, online games, value-added messaging and e-commerce integrations.